BSC - Vietnam Daily Monitor 2015.06.26 - Foreigners keep buying

Summary

Positive effect of TPA as well as the Decree 58 which is expected to increase foreign-owned ratio in publicly-traded companies kept the market in a burst for most of the trading day. However, sharping decline at the closing session occurred, especially the bank stocks has caused the market to close down.

Market breadth narrowed but has not reached the negative sign on both exchanges. Foreign investors were net buyers of some stocks, especially VIC in HSX

Recommendation

The selling pressure on Friday session suddenly strengthened while several positive news have been released that might affect negatively the market sentiment. The indices might diverge and decline in the next Monday session.

Investors should take profit in gained deals, and observe the movements of the leading stocks. Go to buy them whenever their prices turn to accumulate.